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The Latest Breaking News from Inflation

U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

The Independent UK

Govt adopting targeted approach to tame inflation, says finance minister Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the government has adopted a targeted approach, based on ground-level inputs, to tackle retail inflation which is ruling at around 7 per cent.

The Times of India

In Congress, the name of a bill may have nothing to do with what's in it – it's all about salesmanship

Quick quiz: What’s the name of the compromise climate bill that U.S. Sen. Joe Manchin, a Democrat from West Virginia, last week agreed to support?

The Conversation

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1 Stock That Hasn't Been Impacted by Inflation

Despite persistent high inflation, retail giant Ingles Markets (IMKTA) posted consistent growth this year. In addition, its robust fundamentals make it well-positioned to witness solid growth in the upcoming quarters. Therefore, we think the stock could be a great buy now. Read on to learn more.

StockNews.com

Opposition asks govt to acknowledge problem of price rise to fix it, BJP puts blame on global changes

“The inflation is ruling at 7% now and has not yet reached the double-digit level like in the previous UPA regime”

The Hindu

Government won't be able to see inflation as it's wearing 'blindfolds of arrogance': Rahul Gandhi

Rahul Gandhi tweeted, "Well, how will they see inflation? Wearing blindfolds of arrogance, they are selling the country's property in 'free fund' to 'friends'"

The Hindu

Mortgage bills to jump $140 in August as inflation worsens

Home owners will be slapped with another painful mortgage squeeze in August after the Reserve Bank hiked interest rates to a six-year high on Tuesday.

The New Daily

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Company failures leap 81% higher as inflation weighs on UK firms

Company insolvencies shot 81% higher over the three months to June against the same period last year.

The Independent UK

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

Greggs on a roll but Domino’s loses out as delivery sales fade

A triple whammy of increased business rates and soaring food and energy inflation hampered profitability at both firms.

Evening Standard

Greggs' sales jump as people seek cheap meals during cost of living crisis

The much-loved bakery chain has been busier than ever, it would seem

Wales Online

Irn Bru maker AG Barr results fizz from British summer weather boost

Company predicted high level of inflation would ‘continue across the balance of the year’

Evening Standard

Greggs sales jump as cash-strapped customers turn to cheaper meals

The bakery chain reported a 27.1% increase in sales in the 26 weeks to July 2 to a total of £694.5 million

The Independent UK

Group behind Revolution and Revolución de Cuba hails 'relentless focus' to keep costs down amid inflation and energy surges

The group plans to refurbish a further 18 of its locations during the coming year as well as open six new sites

Birmingham Post

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The Guardian - UK

Greggs customers could face price rises as it warns of cost inflation

Bakery chain reports 27% rise in sales after shoppers returned to high streets as Covid restrictions eased

Insider UK

AG Barr takes 'mitigating action' against cost inflation

Drinks producer reports strong first half trading, with full year results looking in line with expectations

The Conversation

Why does the RBA keep hiking interest rates? It's scared it can't contain inflation

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. They’ve been falling consistently for a month.

The New Daily

Families to feel ‘sting’ of RBA rate hike: Chalmers

Treasurer Jim Chalmers says today is “another difficult day for Australian home owners” after the RBA lifted official interest rates to a six-year high.

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The Guardian - UK

Tuesday briefing: Why hunger is as big a threat as Covid

In today’s newsletter: The war in Ukraine, spiralling inflation and the climate emergency are affecting food security. John Vidal explains the links between inflation, war, the climate emergency and food security

The Guardian - AU

RBA interest rates: Reserve Bank lifts official cash rate by 50 basis points to 1.85%

Decision is fourth monthly rise in a row, as Australia’s inflation rate soars beyond target range of 2% to 3%

The New Daily

Reserve Bank hikes official interest rates to six-year high

The Reserve Bank has lifted the cash rate by another half a percentage point as it seeks to rein in rising inflation. It's the fourth rate hike since May.

ABC News

Interest rate updates: RBA increases cash rate for fourth consecutive month to curb rising inflation — as it happened

The Reserve Bank has raised the cash rate for the fourth time in as many months to curb inflation. Look back at how our experts unpacked what this means for you in our blog.

The Independent UK

School spending power to stay below 2010 levels as inflation drives up costs

New prime minister faces decision on new cash injection to avoid ‘stagnation’

Bangkok Post

TNSC recommends exporters refocus on regional markets

Thai exporters have been warned to brace for the impact of China's economic uncertainties in the second half of the year on top of the looming global recession, runaway inflation and energy crisis.

Tribune News Service

Amid inflation woes, off-price retailers like Dick's Going Going Gone fare well

At the Monroeville (Pa.) outpost of discount sporting goods store Going Going Gone, customers in search of sneakers are in luck. Footwear spans a long line of shelves — and then stretches along the warehouse's backside like a Great Wall of shoes.

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